Plaintiff is a corporation engaged in the financing of insurance premiums. Defendant is an insurance company. In the course of its business, plaintiff advances, on behalf of a prospective insured, to an insurance company the full premium due for the term of a policy. The insured, in turn, repays the advance so made to the plaintiff in agreed-upon installments, together with an additional charge to cover financing costs.
In April 1956, plaintiff and defendant entered...
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